Armada Oil Details Operations Update

Armada Oil Inc. (OTCBB: AOIL) said that a recently closed asset reallocation financing, made with private energy investment group Gulfstar Resources LLC, which put a lot of capital into Armada’s operating area in south Louisiana “will continue to generate a high level of activity” in the area and elsewhere, the company said Feb. 18.In Armada’s south Louisiana operating areas, workover activity on wells LLDSB #4 and LLDSB #30 was completed, while another well, LLDSB #1—in the Lake Hermitage field—was converted to a saltwater disposal well, the company said. This converted...